News | Business
5 Feb 2026 9:39
| outlook hotmail | yahoo mail | gmail | news | weather | finance | shopping | about nzcity | Search |
NZCity News
NZCity CalculatorReturn to NZCity
SEARCH 

  • Start Page
  • Personalise
    •    News
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

    •
      Home > News > Business

    An Auckland company owned by property investment guru Ron Hoy Fong has been ordered to pay 400 thousand dollars

    An Auckland company owned by property investment guru Ron Hoy Fong has been ordered to pay 400 thousand dollars


    Ronovation Limited gave people guidance on the residential real estate market - but has admitted to price fixing in the High Court at Auckland.

    In 2011, Hoy Fong developed rules to keep his clients from competing against each other.

    Justice Sarah Katz says Ronovation's rules were deliberately anti-competitive and designed to suppress competition to the detriment of vendors.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     05 Feb: A record financial result for Christchurch's Lyttelton Port Company
     05 Feb: More uncertainty for dairy farmers who supply Canterbury milk processing firm Synlait
     05 Feb: Auckland and Wellington are bearing the brunt of the latest unexpected rise in unemployment
     04 Feb: A warning we've been burnt by high hopes for economic recovery
     04 Feb: A move from the Warehouse Group to cut a chunk of head office roles has come as no surprise to the retail sector
     04 Feb: The median sales price for a house in Auckland has reached one-million dollars for the first time in over a year
     04 Feb: Auckland Mayor Wayne Brown's defending a surge in Auckland Council consultant costs
     Top Stories

    RUGBY RUGBY
    Super Rugby boss Jack Mesley is bullocking past any criticism of the competition's latest law trials More...

    BUSINESS BUSINESS
    A record financial result for Christchurch's Lyttelton Port Company More...


     Today's News

    		 Entertainment:
    Jelly Roll has called himself a "dumb redneck" who feels "disconnected" from politics 9:31

     Business:
    A record financial result for Christchurch's Lyttelton Port Company 9:27

     Entertainment:
    Savannah Guthrie's mother Nancy has been confirmed missing and foul play hasn't been ruled out 9:01

     Entertainment:
    Jelly Roll credited Bunnie Xo with saving his life following his success at the Grammys 8:31

     Rugby League:
    Former Kiwi Tony Kemp has applauded Australian Rugby League Commission chair Peter V'landys for his ambition, as State of Origin looks poised for Auckland's Eden Park in 2027 8:27

     Living & Travel:
    Westport's only air link could be cut within months 8:27

     Entertainment:
    Billie Eilish called for collective action amid unrest in the US, after winning the Grammy for Song of the Year 8:01

     International:
    A 'ghost airport' and sinkhole highway as Timor-Leste gambles on oil and gas with Greater Sunrise project 7:57

     Business:
    More uncertainty for dairy farmers who supply Canterbury milk processing firm Synlait 7:47

     Rugby:
    Super Rugby boss Jack Mesley is bullocking past any criticism of the competition's latest law trials 7:47

     News Search




    Power Search

    © 2026 New Zealand City Ltd