Octaviar Limited (formerly MFS Limited) is an Australian diversified investment company in the funds management and financial services sectors. The company, once valued at $2.4 billion was forced to sell its main asset, the Stella Group, in February 2008 and in March 2008 the value of the company had fallen to just $480 million. As of August 1, 2009 the company is in liquidation. The company was delisted from the Australian Stock Exchange on 31 August 2009 after failing to pay listing fees. History 1999: McLaughlins Financial Services Limited, founded by Michael King, receives ASIC AFSL 227010 June, 2000: Acquires Noosa Junction Shopping Centre November, 2000: Launches MFS Premium Income Fund July, 2001: Acquires MFS Leveraged Investment and Securities Trust 2002: MFS subsidiary, McLaughlins Financial Services Limited acquires over A$250 million of real estate assets 2003: MFS subsidiary, McLaughlins Financial Services Limited, acquires property at Queen Street, Melbourne and retail premises of Louis Vuitton at the intersection of Collins and Russell Streets. March, 2004: MFS subsidiary, McLaughlins Financial Services Limited, acquires a number of homemaker centres in Queensland and New South Wales. May, 2004: Acquires the AAE group of companies, which owns and operates the Victorian ski field businesses at Mount Hotham and Falls Creek September, 2004: Acquired approximately 18.5% of the ASX listed BreakFree Limited. October, 2004: MFS Premium Income Fund was sized at approximately $440 million January, 2005: Re-lists a restructured MFS group on the Australian Stock Exchange (ASX) and announces merger with BreakFree Limited. February, 2005: reaches 50.1% interest in BreakFree Limited March 2005: acquire luxury accommodation group Peppers Leisure Limited and the Sheraton Mirage Resorts located on the Gold Coast and Port Douglas. April 2005: BreakFree expands into Queenstown May 2005: Completed BreakFree Limited merger June 2005: HFA Asset Management announces the closure of its HFA Octane Fund Series Two which attracted over $90 million in investments. July 2005: MFS wins the 2005 Hotel Investor of the Year Award for the Sheraton Mirage Resorts September 2005: MFS subsidiary, McLaughlins Financial Services Limited is appointed the Responsible Entity for the PH Sydney Hotel Trust and the Challenger Howard Property Trust. The major asset of the Trusts is the Park Hyatt Hotel on Sydney Harbour. October 2005: MFS launches a golf industry investment fund in conjunction with its title sponsorship of the 2005 MFS Australian Open. February 2006: The MFS Living and Leisure Trust (MPY) announced that it