Filinvest to dissolve dormant Mimosa unit to streamline operations - BusinessWorld Online

Filinvest to dissolve dormant Mimosa unit to streamline operations - BusinessWorld Online

GOTIANUN-LED developer Filinvest Land, Inc. (FLI) is closing its dormant subsidiary Filinvest Lifemalls Mimosa, Inc. (FLMI) to simplify its corporate structure and focus on subsidiaries that are actively generating value, the company said. “Since FLMI has no assets, operations, or employees, its closure allows us to focus on subsidiaries that are actively driving value and development,” FLI President and Chief Executive Officer Tristaneil D. Las…