Celina Yanson-Lopez, chief financial officer for Vallacar Transit Inc. (VTI), parent company of the Ceres bus liner, recently stated: “Management control is not determined by physical invasion of one’s offices but on corporate shares of stock.”
“We remain the majority owners of the company—we have fifty five percent of this company,” she affirmed. “The only reason why we left our offices last Friday is the fact that we were exhausted already and we [wanted] to go back to our respective homes.”
“Don’t underestimate our will and determination to see to it that this legacy, which our father had left us, is protected and in able hands,” she added. “We are still holding the fort.”
This will be a long and tedious legal battle that will lead all the way to Supreme Court, the final arbiter on the matter.
However, for Leo Rey Yanson, in an interview with Philippine Daily Inquirer reporter Dax Lucas, his camp blamed the ‘Yanson 4’ for company documents discovered to be missing. An accusation denied by Emily Yanson, who served as VTI corporate secretary and vice president for administration.
“It is my responsibility to secure and keep corporate papers,” she noted in a press release.
Despite the takeover by Leo Rey Yanson’s faction, I still believe blood is thicker than water and there is still hope for reconciliation./WDJ