WiseTech Global Limited’s (ASX:WTC) stock price dropped 5.8% last week; private companies would not be happy
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Significant control over WiseTech Global by private companies implies that the general public has more power to influence management and governance-related decisions
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The top 4 shareholders own 52% of the company
Every investor in WiseTech Global Limited (ASX:WTC) should be aware of the most powerful shareholder groups. With 37% stake, private companies possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
As market cap fell to AU$40b last week, private companies would have faced the highest losses than any other shareholder groups of the company.
Let’s delve deeper into each type of owner of WiseTech…
