outbrain
Close  

Leo Rey faction firms up hold on Yanson group

By: - Reporter / @daxinq
/ 05:20 AM February 14, 2020

The original management of Vallacar Transit Inc. has firmed up its control of the country’s largest bus transport group, with Leo Rey Yanson having been elected chief of all the operating units of the group nationwide.

In a statement, the camp of the youngest sibling of the feuding billionaire family said Leo Rey was reelected chair and president of Rural Transit (Mindanao) Inc.

ADVERTISEMENT

The stockholders of Rural Transit—a sister firm of Vallacar—held their annual stockholders’ meeting on Feb. 12, 2020 in Bulua, Cagayan de Oro City, and elected its board of directors.

Under the by-laws of the firm, its annual stockholders’ meeting should be held every second Wednesday of February at its head office.

FEATURED STORIES

The meeting was presided over by Leo Rey, with Yanson matriarch Olivia Yanson as corporate secretary and treasurer. Those who attended the stockholders meeting elected the company’s 2020 board of directors, which included Leo Rey, Olivia, Ginnette Dumancas, Charles Dumancas, Anita Chua, Rey Ardo and Daniel Nicolas Golez.

The stockholders also ratified the acts of the board of directors led by Leo Rey. The elected directors and officers of Rural Transit will serve for one year or until their successors shall have been duly elected and qualified.

Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Leo Rey Yanson, Vallacar Transit Inc.
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.