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Feng Ping, Chinese toolmaker with Chicago ties, declares bankruptcy

By: Steve Toloken

Feng Ping Tooling & Plastics Mfg. Co. Ltd., at one time a fast-growing mold making shop in southern China started by two brothers from Chicago, abruptly closed Dec. 16 and filed for bankruptcy. Feng Ping’s story, however, is a little more dramatic than most bankruptcies.

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