Thursday, NewMarket Technology Inc. (NWMT.PK) said its Chinese operating subsidiary has signed a letter of intent or LOI to acquire a China Radio Technology Ltd subsidiary in Shenzhen. The China Radio subsidiary is anticipated to produce $20 million in annual revenue. The subsidiary, which NewMarket's Chinese operating subsidiary plans to acquire from China Radio, is anticipated to produce $20 million in annual revenue.
NewMarket Technology Inc. provides voice over Internet protocol telephony, systems integration, and wireless broadband technology solutions in the United States and internationally. It primarily focuses in the areas of software licensing, domestic and international telephony, technical consulting, and systems integration products and services.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.