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16 Feb 2026 10:19
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      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
     16 Feb: The Prime Minster says he's proud of the India Free Trade Agreement and isn't phased by Labour's raised red flags
     16 Feb: Even bigger bills at the supermarket could be on the way
     15 Feb: BNZ bank is offering support to those affected by severe weather
     14 Feb: OpenAI has deleted the word ‘safely’ from its mission – and its new structure is a test for whether AI serves society or shareholders
     14 Feb: An economist says new tourism and migration figures show the economy is starting to hum
     14 Feb: Rotorua's getting another chance to showcase itself this weekend
     13 Feb: No changes to the Golden Visa scheme's capital rules - as the Minister says it's had a roaring start
     Top Stories

    RUGBY RUGBY
    Let's go to Livigno... and qualifying for the freeski big air More...

    BUSINESS BUSINESS
    The Prime Minster says he's proud of the India Free Trade Agreement and isn't phased by Labour's raised red flags More...


     Today's News

    		 National:
    How a largely forgotten Supreme Court case can help prevent an executive branch takeover of federal elections 10:07

     Law and Order:
    DNA recovered from glove found near Guthrie home that appears to match suspect's glove: FBI 10:07

     Rugby League:
    The Australian Rugby League Commission have updated representative eligibility rules in what shapes as a boost to New Zealand 10:07

     Rugby:
    Let's go to Livigno... and qualifying for the freeski big air  9:27

     Business:
    The Prime Minster says he's proud of the India Free Trade Agreement and isn't phased by Labour's raised red flags 8:47

     Cricket:
    Frustration for skier Alice Robinson after missing a medal at the Winter Olympics 7:57

     General:
    Today in History, February 16: Steven Bradbury's Winter Olympic Games golden miracle at Salt Lake City in 2002 7:57

     Law and Order:
    A teenager's death on the road highlights the risks associated with young and inexperienced drivers 7:47

     International:
    What is FAFO parenting and is it good for kids? 7:37

     Rugby League:
    James Fisher-Harris is asking for league's NRL all-star fixture between the Maori and Indigenous Australians to remain 7:37

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