Vallacar Transit affirms legality of shareholders meeting

VALLACAR Transit Inc. (VTI) affirmed the legality of its annual shareholders’ meeting on Dec. 7, 2019 at the company’s principal office in Bacolod City.

The newly elected board of VTI slammed the Securities and Exchange Commission (SEC) Bacolod Extension Office for attending an irregular meeting of the “bogus” shareholders of the company on the same day.