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.
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.
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SunStar
+ January 19, 2021 THE four siblings of the Yanson family known as the Y4 said they retained their posts after the shareholders meeting of another transport company owned by the family.
In a press statement, lawyer Carlo Joaquin Narvasa confirmed that Bachelor Express Inc. held its annual shareholders on January 12, 2021 at Seda Centrio Hotel in Cagayan de Oro City and that he was proxy for Ma. Lourdes Celina Yanson Lopez, its president and chairman of the Board of Directors.
It was attended by stockholders representing 99.99 percent of the outstanding capital stock of the corporation, Narvasa said.
Roy V. Yanson, Emily V. Yanson, Ma. Lourdes Celina Lopez, Ricardo V. Yanson Jr., Jerina Louise Ramos and Matthew Agustin Y. Lopez were elected by the shareholders as new members of the Board of Directors for the Year of the Corporation for 2021-2022.