WiseTech Global (ASX:WTC) responds to misinformation in market report

Company News

by Rachael Jones

WiseTech Global (ASX:WTC) have hit back at J Capital Research after they released a second short-seller report on Monday leading Wisetech to request a trading halt.

The company rejects the claims of financial impropriety and irregularity contained in the Report.

The Report was published without prior inquiry to WiseTech. Founder & CEO, Richard White confirmed their guidance for FY20 of revenue of $440 million - $460 million, with growth of 26 per cent per cent - 32 per cent and EBITDA of $145 million - $153 million with EBITDA growth of 34 per cent – 42 per cent.

Shares in WiseTech Global (ASX:WTC) last traded at $26.30 on Tuesday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.