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Filinvest to dissolve dormant Mimosa unit to streamline operations
Filinvest Land Inc. (FLI) is shutting down its subsidiary, Filinvest Lifemalls Mimosa Inc. (FLMI), to simplify its corporate structure and focus on subsidiaries actively generating value.
FLMI has filed an application with the Securities and Exchange Commission to shorten its corporate term, a procedural step that allows FLI to streamline its internal structure.
FLI president and CEO Tristan Las Marias stated that FLMI has no assets, operations, or employees, making its closure a rational organizational step.
This move ensures that all corporate entities within the FLI group remain aligned with long-term strategic and operational priorities.
The dissolution will not affect ongoing projects within the Filinvest Mimosa+ Leisure City in Clark, Pampanga, including the Mimosa Lifestyle Mall, which is targeted for completion in 2026.
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