Filinvest Land Inc. is closing its dormant, wholly owned subsidiary Filinvest Lifemalls Mimosa Inc. (FLMI) to streamline its corporate structure.
Filinvest Land said in a stock exchange disclosure that the move would not affect ongoing developments in Clark Freeport, Pampanga. FLMI has no assets, operations or registered employees, making the closure a rational organizational step for the group, according to the company.Filinvest Land president and chief executive Tristan Las Marias said that as the group continues to strengthen its organizational structure, every entity should contribute to growth objectives.
He noted that the closure allows the company to focus on subsidiaries that are actively driving value and development.FLMI has filed an application with the Securities and Exchange Commission to shorten its corporate term.
The procedural move is intended to simplify the internal structure of the company and ensure alignment with long-term strategic and operational priorities. Las Marias said the administrative step ensures resources and structures remain strategically aligned with long-term growth goals
The company clarified that the closure would not impact developments within the Filinvest Mimosa+ estate, specifically the Mimosa Lifestyle Mall, also known as Filinvest Mall Mimosa.The mall is owned, developed and operated by the parent company through another subsidiary, Filinvest Clark Mimosa Inc. Construction on the project is ongoing, and the opening remains targeted for 2026.
Las Marias said the commitment to delivering the Mimosa Lifestyle Mall is unwavering and the development is progressing as planned.He described the project as a dynamic commercial anchor for the Filinvest Mimosa+ estate that would provide a modern lifestyle environment in Clark.
The project is designed to strengthen commercial and retail support for the estate while enhancing the broader community experience in the region, he said.
