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 closure a rational administrative step.  READ: Filinvest to merge hospitality units The unit has filed an application with the Securities and Exchange Commission to shorten its corporate term. FLI emphasized that the move will not affect ongoing developments, particularly projects within the Filinvest Mimosa+ estate.  […]... Keep on reading: Filinvest to close dormant Mimosa unit