Malaysian diversified conglomerate Sime Darby is considering listing its automotive operations separately on the Kuala Lumpur stock exchange as a means of enhancing shareholder value.
Local reports have suggested it has asked local banks to pitch for the business of listing the group’s automotive division, called Sime Darby Motors.
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Sime Darby has assembly operations in Malaysia and distribution and retail networks across Asia-Pacific, for brands such as BMW, Mini, Rolls-Royce, Peugeot, Hyundai, Ford, Land Rover, Porsche, Suzuki and Mitsubishi. The group sold around 80,000 vehicles across the region last year.
Other group activities include plantations, property, energy, public utilities and off-highway equipment.
Local reports speculate that an IPO for Sime Darby Motors could be completed by the end of the year and raise up to USD500m.
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