Filinvest to close dormant Mimosa unit

MANILA, Philippines – Gotianun-led Filinvest Land Inc. (FLI) said it would close its wholly owned subsidiary Filinvest Lifemalls Mimosa Inc. (FLMI) as part of efforts to improve operational efficiency and streamline its corporate structure. In a disclosure on Thursday, FLI said FLMI holds no assets, has no business operations and employs no personnel, making its