The other faction of the Yanson family held annual stockholders meetings for Ceres Transport Inc. (CTI) and Goldstar Bus Transport Inc. (GBTI) and elected Ricardo V. Yanson Jr. as chairman of the board and president on Monday, February 1.
The faction led by Ricardo’s mother Olivia Yanson on Monday also appointed his brother Leo Rey Yanson chairman of the board and president of CTI and GBTI in separate stockholders meetings Monday.
However, a press release from Joaquin Carlos Narvasa, lawyer of the four other Yanson siblings – Ricardo, Roy and Emily Yanson, and Ma. Lourdes Celina Y. Lopez, said another CTI stockholders meeting was held in Batangas presided by Anna Isabella Galvez.
Galvez acted as proxy for Ricardo, its president and chairman, that was attended by stockholders representing 61.11 percent of the outstanding capital stock of CTI, Narvasa said.
The four Yanson siblings, Jerina Louise Y. Ramos and Matthew Agustine Y. Lopez were elected by the shareholders anew as members of the Board of Directors of CTI for 2021-2022, he added.
In the organizational meeting that followed, the directors elected Ricardo as chairman of board and president, Roy as vice president for operations, Celina as treasurer and chief financial officer, Emily as corporate secretary , Galvez as assistant corporate secretary and Narvasa as vice president for legal.
A GBTI stockholders meeting was also held in Batangas president by Galvez as proxy for Ricardo attended by stockholders representing 98 percent of the outstanding capital stock of the corporation, Narvasa said.
The four Yanson siblings, and Ramos were elected members of the board of directors of GBTI for the year 2021-2022.
In the organizational meeting that followed, the GBTI directors also elected Ricardo as chairman of the board and president, Roy as vice president for operations, Emily as treasurer and chief financial officer, Celina as corporate secretary, Galvez as assistant corporate secretary and Narvasa as vice president for legal
The new directors of both companies vowed to continue court actions to unravel minority shareholders’ activities and their pretense to act on behalf of the company despite the absence of any legal basis for them to do so, the press release said.*