Complex sentence: On May 2,1990, TIBS Taxis Pte Ltd, a subsidiary of TIBS, was formed and was the only company in Singapore to operate a fleet of entirely large capacity taxis.
Split into simpler sentences: On May 2,1990, TIBS Taxis Pte Ltd, a subsidiary of TIBS, was formed to operate taxi services. It is the only company in Singapore to operate a fleet of entirely large capacity taxis.