WTC.AX is trading 4.1% down at A$31.52 as investors refocus on governance and founder-related risks surrounding Richard White.

  • The move reverses part of yesterday’s sharp rebound, which occurred after management clarified that an ongoing AFP investigation relates specifically to White rather than the broader company.
  • Sentiment remains fragile following reports of police probes into the founder’s conduct and trading activity, keeping governance and key-person risk firmly in the spotlight.