Government's easing of COVID-19 mobility restrictions bodes better prospects for the public transportation sector this year, according to businesswoman Olivia V. Yanson. “Mobility directly translates into a bigger demand for public transport. This is a big relief to the transport industry," the Yan
Published January 27, 2021, 4:50 PM
Feuding factions of the Yanson clan continue engage in courtroom battles over control of the country’s biggest bus conglomerate.
“The legal battle for control of the Yanson Group of Bus Companies (YGBC) is far from over. Cases and countersuits are still pending before various courts to show the real majority shareholders and to unmask the impostors,” said Atty. Carlo Joaquin Narvasa, counsel for Yanson siblings Roy, Emily, Ricardo, Jr. and Ma. Lourdes Celina Lopez (Y4).
Speaking on behalf of Y4, Narvasa said said in a statement that nothing will change the fact that 61.18 percent of the company’s outstanding capital stock are registered in the names of his clients.
SunStar
+ January 27, 2021 LEO Rey Yanson, Olivia V. Yanson, Ginnette Yanson-Dumancas are now in full control of the Bacolod City-based Yanson Group of Bus Companies which is considered to have the largest transport fleet in the country.
The group set sights on navigating the bus business amid the challenges of the pandemic after Leo Rey was re-elected chairman and president of YGBC s key subsidiaries in a series of stockholders meetings from December 5, 2020, to January 18, 2021. Olivia was reelected as corporate secretary and treasurer of the same transport companies.
“Despite the challenges faced in 2020, the business remains strong and resilient. It continues to be steadfast in its goal to serve the Filipino people,” said Leo Rey.