Emily controls another Yanson family company
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LRY, OVY remain in control of RTMI
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Published February 12, 2021, 6:00 AM
Two separate boards of directors were elected in two separate stockholders’ meetings held by rival factions of the Yanson family for Rural Transit (Mindanao) Inc., one of the bus companies under the Yanson-owned conglomerate Vallacar Transit Inc.
The group that calls itself the Yanson Four elected anew Roy Yanson as Chairman of the company during their shareholders meeting last February 10 in Cagayan de Oro City.
Claiming majority or 61.17 percent of the outstanding capital stock of the corporation, shareholders of Rural Transit elected anew siblings Roy, Emily, Ma. Lourdes Celina and Ricardo Yanson as members of the Board of Directors of the company for the year 2021 to 2022.
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.