Mindanao Star Bus holds annual stockholders meeting

Mindanao Star Bus Transport Inc. held its annual stockholders’ meeting on January 16, 2021.

During the meeting, Leo Rey Yanson, Ginnette Dumancas, Charles Dumancas, Rey Ardo and Arvin John Villaruel were re-elected as members of MSBTI’s board of directors.

The newly-appointed directors and officers of Mindanao Star Bus Transport Inc. (from left) include Charles Dumancas, director; Ginnette Dumancas, director; Leo Rey Yanson, chairman of the board and president; and Arvin John Villaruel, director.
Following the election of the directors, the board held an organizational meeting wherein Leo Rey Yanson was re-appointed as chairman of the board and president of MSBTI and Olivia Yanson as corporate secretary and treasurer.

Despite the proper and timely notice given, stockholders Roy Yanson, Ricardo Yanson Jr. and Emily Yanson were absent during the meeting. Together with their sister Ma. Lourdes Celina Lopez, the siblings are said to be  in other countries.  

As of this writing, the four siblings were facing several outstanding warrants of arrest for carnapping and grave coercion issued by the courts of Bacolod City, lawyers of MSBTI said.

Warrants of arrest were also issued against Emily for the crimes of perjury and falsification of Vallacar Transit Inc.’s general information sheet, according to VTI management.

It is the same questionable GIS that is being used by the four siblings to claim their majority ownership of VTI.

Leo Rey Yanson, the re-elected chairman and president, said that despite the challenges faced in 2020, MSBTI remains strong and resilient. 

“It continues to be steadfast in its goal to serve the Filipino people. MSBTI remains committed to providing the riding public with the most reliable means of public transportation for all,” he said.

The newly re-appointed board is also excited to see how they can continue to push boundaries to provide quality transportation to every Filipino despite the challenges of the pandemic.


Topics: Mindanao Star Bus , stockholders meeting , Leo Rey Yanson
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