Market Chatter: WiseTech Faces Formal ASIC Probe into Disclosure Practices, CEO's Share Trading

MT Newswires Live

Apr 17

WiseTech Global (ASX:WTC) is under formal investigation by the Australian Securities and Investments Commission over founder and Chief Executive Richard White's share trading during a blackout period and the company's handling of market disclosures related to misconduct allegations, according to a Thursday report by the Australian Financial Review.

The ASIC is looking into whether White engaged in insider trading by selling about AU$229 million worth of shares between Dec. 24, 2024, and Feb. 19, a period when WiseTech's trading policy forbade such transactions ahead of its earnings release, the report said.

The probe also includes scrutiny of whether WiseTech met its continuous disclosure obligations during a turbulent period marked by internal investigations into White's conduct, the report added.

WiseTech and ASIC did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2528389627","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2528389627","pubTimestamp":1744856793,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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