Letter from the Chairman
Dear Investor,
On behalf of the Board, it gives me great pleasure to offer you this opportunity to invest in Cabbiexpress International Limited.
We see change in our industry as inevitable; evidenced by the current taxi reform package which will see major structural change, from a highly regulated environment, to one with more flexibilities and choices. As an advanced technology provider, our vision is to provide over sixty thousand drivers in the taxicab industry, with an industry based financial transaction, accounts and jobs platform which redefines the current industry model and provides direct financial benefits to drivers, owners and operators for their future.
Through this Prospectus, the Company is inviting investors to subscribe for up to 32.5 million shares. 22.5 million Shares will be offered under a Priority Offer at $0.20 per Share to raise a maximum of $4.5 million. A further 10 million shares will be offered to the public at $0.30 per Share to raise a maximum of $3.0 million.
The funds raised by this Offer will be utilised by the Company in accordance with the information contained in Section 16.2.2. Through this Offer the Company will give individuals within the taxi/limo industry, employees and members of the community the opportunity to participate in the ownership of the Company, and provide additional working capital for the Company.
This Prospectus contains information about the Company’s operations, financial performance and management team. It also outlines the potential risks associated with this investment. I encourage you to read this document diligently before making your investment decision.
Yours sincerely,
Jace JC Lai
Chairman
Cabbiexpress International Limited