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OVY leads Southern Star Bus annual stockholders’ meeting

Yanson matriarch Olivia V. Yanson (OVY) led the annual election of another of the family’s bus companies on Monday, January 17.

The stockholders of Southern Star Bus Transport Inc. (SSBTI) re-elected as directors OVY, Leo Rey Yanson, Ginnette Y. Dumancas, Charles M. Dumancas and Arvin John V. Villaruel, a press release from the firm said.

Following the election of the directors, the board held an organizational meeting wherein Leo Rey was re-appointed as chairman of the board and president of SSBTI, while OVY was re-appointed as SSBTI’s corporate secretary and treasurer, the statement said.

On January 15 and 16, OVY and Leo Rey also led the election of directors and officers in sister companies Mindanao Star Bus Transport Inc. (MSBTI) and Bachelor Express Inc. (BEI).

On December Dec 4 and January 3, they also led the election of directors and officers in Vallacar Transit Inc. (VTI) and Ceres Liner Travel and Tours Inc. (CLTTI).

On October 21, 2021, a Bacolod City court appointed OVY as the special administrator of the estate of her late spouse Ricardo B. Yanson. The spouses founded the Ceres Bus Lines, which includes among others VTI, CLTTI, MSBTI and BEI, the press release said.

As special administrator, OVY is in charge of the preservation and management of the estate of her late husband Ricardo.

In all of these annual meetings, stockholders Roy V. Yanson, Ma. Lourdes Celina Yanson-Lopez, and Ricardo V. Yanson Jr. did not attend despite due notice to them, the press release said.

Roy, Celina and Ricky are believed to be unable to attend the meetings because they are currently abroad together with their sister Emily, it added.*

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