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Source: Investor buys Feng Ping tools and equipment

By: Steve Toloken

DONGGUAN, CHINA (Updated) — 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. Now a source says that an outside investor that specializes in bankruptcies has purchased the company's molds and equipment.

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