Top investors blast WiseTech board chaos
Top investors have demanded WiseTech Global restore an independent board after four directors quit in protest against founder Richard White, triggering an $8.2bn share rout.
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WiseTech tanks amid board revolt over White’s new role
More than $9bn has been wiped from WiseTech’s value after four board directors dramatically quit due to ‘intractable differences’ in their views of founder Richard White. The tech group also cut its revenue outlook.
Goodman raising $4bn for data centre expansion as profit jumps
The industrial landlord turned digital infrastructure giant’s hefty capital raising will help drive its plan to get 500 megawatts of capacity under construction by next year as earnings soar.
CDC founder rockets up the rich list with $622m stake
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Motorola nabs $500m deal for Victorian emergency comms
Victorian has spent half a billion dollars on the extension of an emergency communications network connecting some 32,000 smart radios across the state.
Dick Smith praises crackdown on scams
The outspoken businessman has welcomed new legislation that will impose fines of up to $50m on social media companies, banks and telcos that fail to actively detect and prevent scams.
Centuria snaps up $115m mega site in booming Logan
The real estate funds manager is doubling down on larger format retail centres which it says are in high demand due to construction constraints.
Centuria rides data boom, launches AI factory
Centuria and ResetData will launch the nation’s first sovereign AI factory later this year, leveraging Nvidia chips to provide AI capabilities at a fraction of other players’ cost.
Original URL: https://www.theaustralian.com.au/author/joseph-lam/page/3