Leo Rey Yanson reappointed as president of Mindanao's bus company

THE Mindanao Star Bus Transport Inc. (MSTBI), sister company of Vacallar Transit Inc. (VTI), had their annual stockholders' meeting on Saturday, January 16,2021, wherein Leo Rey Yanson was reappointed as the president of the company.

Likewise, Olivia Yanson, the matriarch of the Yanson family, was also re-appointed as MSTBI's corporate secretary and treasurer.

The Mindanao Star Bus Transport stockholders had also re-elected Leo Rey Yanson, Ginnette Dumancas, Charles Dumancas, Rey Ardo and Arvin John Villaruel as members of the company's board of directors.

Following his re-election, Leo Rey confirmed that the MSBTI will "remain strong and resilient" depsite the challenges they faced during the pandemic.

He also assured that the company will continue "to be steadfast in its goal to serve the Filipino people" and is committed to provide the riding public with the most reliable means of public transportation for all.

In a press statement, the company said Roy Yanson, Ricardo Yanson Jr. and Emily Yanson were absent during the stockholders' meeting, adding that they believed they are currently hiding abroad as "fugitives from justice" together with their sister Ma. Lourdes Celina Lopez.

According to the company, there are several outstanding warrants of arrest for carnapping and for grave coercion issued by the courts of Bacolod City against the four aforementioned siblings, who are known as Y4.

Recently, warrants of arrest have also been issued against Emily for the crimes of perjury and falsification of VTI's General Information Sheets (GIS). It is those same questionable GISes that are being used by Y4 to claim their majority ownership of VTI, the company added.