ANOTHER bus firm under the Yanson Group of Bus Companies that operates in Cagayan de Oro and several areas in Mindanao held its annual stockholders' meeting at a hotel in Cagayan de Oro on Wednesday, February 10.

Major stockholders of the Rural Transit Mindanao Inc. (RTMI) representing 61.17 percent of the outstanding capital stock of the corporation convened and elected new members of the Board of Directors for the year 2021-2022.

Elected anew as members of the Board of Directors were Roy Yanson, Emily Yanson, Ma. Lourdes Yanson-Lopez, and Ricardo Yanson Jr. who were also called as Y4; Jerina Louise Ramos, and Matthew Agustine Lopez.

The shareholders were said to have ratified all acts and transactions of the Board of Directors  and management of the corporation under the leadership of its President Roy Yanson.

Roy Yanson was elected as President and Chairman of the Board of Directors in the organizational meeting that followed. Ma. Lourdes Celina Lopez was elected as Vice-President for Operations; Emily Yanson as Treasurer and Chief Financial Officer; Ricardo Yanson Jr. as Corporate Secretary; Anna Isabella Galvez as Assistant Corporate Secretary; and Carlo Joaquin Narvasa as Vice-President for Legal.

In a statement, the new directors of the company 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."