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.

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.