JANUARY 8, 2002
Malaysian government establishes company to buy Sepang
The Malaysian government has decided that a company called Minister of Finance (MOF) Inc. will buy the Sepang racing circuit from Malaysia Airport Holdings.
The government has also set up a separate company to buy property owned by the loss-making Malaysian Airline System to help the company pay off some of its debts.
The deals are both being seen as a way of tidying up some of the businesses which have been worst hit by the recession.