Yanson 4 in­sists con­trol of ma­jor shares, hold stock­hold­ers’ meet­ing in Oro

Sun.Star Cagayan de Oro - - FRONT PAGE -

MA­JOR stock­hold­ers of the Ru­ral Tran­sit Min­danao Inc. (RTMI), one of the com­pa­nies un­der Yanson Group of Bus Com­pa­nies, con­vened for its an­nual stock­hold­ers’ meet­ing at a ho­tel in Ca­gayan de Oro City on Wednesday February 12.

Share­hold­ers elected four of the Yanson sib­lings or known as the Y4: Roy Yanson, Emily Yanson, Ma. Lour­des Celina Lopez and Ri­cardo Yanson Jr., and Je­rina Louise Ramos and Matthew Agus­tine Lopez as mem­bers of the Board of Direc­tors for 20212022.

The meet­ing was presided by Roy Yanson who was later elected by the board as pres­i­dent.

Ma. Lour­des Celina Lopez was elected as Vice-Pres­i­dent for Op­er­a­tions; Emily Yanson as Trea­surer and Chief Fi­nan­cial Of­fi­cer; Ri­cardo Yanson Jr. as Cor­po­rate Sec­re­tary, Anna Is­abella Galvez as As­sis­tant Cor­po­rate Sec­re­tary and Jose Jonathan Eal­dama as Vice-Pres­i­dent for Le­gal.

The meet­ing was at­tended by ma­jor­ity of its stock­hold­ers rep­re­sent­ing 61.17 per­cent of the out­stand­ing cap­i­tal stock.

In a state­ment, the share­hold­ers of RTMI “dis­owned all unau­tho­rized acts of Leo Rey Yanson, and adopted a res­o­lu­tion ask­ing that for­mer mem­bers of its board of direc­tors, Leo Rey Yanson and Gin­nette Du­man­cas, sub­mit an ac­count­ing of cor­po­rate funds, prop­er­ties, and pa­pers of the com­pany for the year just passed.”

The le­gal coun­sel of Y4 told lo­cal re­porters that law­suits will likely be filed against the group of Leo Rey Yanson for con­vok­ing a sup­posed stock­hold­ers’ meet­ing in Ca­gayan de Oro last month.

The cases will be filed in the city be­fore the month ends.

The group leaves it to the court to de­cide as to who are right­ful lead­ers of the big­gest bus com­pany in the coun­try.

The squab­ble at Yanson fam­ily-owned Val­lacar Tran­sit Inc. (VTI), one of the coun­try’s largest bus fleets oper­a­tors, started when a cashier at the com­pany’s pur­chas­ing of­fice in Manila was found out to have il­le­gally dis­bursed a num­ber of checks amount­ing to least P27 mil­lion to sus­pi­cious ben­e­fi­cia­ries.

This is ac­cord­ing to Ri­cardo Yanson Jr. and Celina Yanson-Lopez, two of the four sib­lings (along with Roy and Emily Yanson) who are now bat­tling two other sib­lings (Leo Rey and Ginette Yanson-Du­man­cas) and their 85-year-old mother, Olivia Yanson, for con­trol of VTI.

(Photo by Jo Ann Sablad)

Ma­jor stock­hold­ers of the Ru­ral Tran­sit Min­danao Inc. (RTMI), one of the com­pa­nies un­der Yanson Group of Bus Com­pa­nies, held their an­nual stock­hold­ers’ meet­ing at a ho­tel in Ca­gayan de Oro City on Wednesday February 12.

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