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2 Mar 2026 11:04
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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
     02 Mar: A warning Dunedin's Forsyth Barr Stadium is in a financially unsustainable position
     02 Mar: Rates are set to rise in Dunedin - as the city council releases its draft Annual Plan
     28 Feb: It's been revealed UK supermarket giant Tesco, declined the Finance Minister's invitation for a meeting to discuss the issues in our grocery sector
     28 Feb: The average Auckland ratepayer will be paying an average of 320 dollars more a year, if the council's annual plan passes
     27 Feb: Retail NZ says there could be complications created by new gift card rules
     27 Feb: Rocket Lab's continuing to thunder to new heights, posting a record revenue of 300 million New Zealand dollars in the last three months of 2025
     27 Feb: The figures showing the number of people crossing the Tasman may look worse than they actually are
     Top Stories

    RUGBY RUGBY
    Crusaders prop Tamaiti Williams has been cited for what's been deemed a reckless or dangerous act during their Super Rugby win over the Chiefs in Hamilton More...

    BUSINESS BUSINESS
    A warning Dunedin's Forsyth Barr Stadium is in a financially unsustainable position More...


     Today's News

    		 Rugby:
    Crusaders prop Tamaiti Williams has been cited for what's been deemed a reckless or dangerous act during their Super Rugby win over the Chiefs in Hamilton 10:47

     National:
    Trump and Netanyahu want regime change, but Iran’s regime was built for survival. A long war is now likely 10:37

     National:
    Neither preemptive nor legal, US-Israeli strikes on Iran have blown up international law 10:27

     Business:
    A warning Dunedin's Forsyth Barr Stadium is in a financially unsustainable position 10:27

     National:
    Meet the ‘Old Mother Goose’ from NZ’s subtropical prehistoric past 10:17

     National:
    Bad Bunny says reggaeton is Puerto Rican, but it was born in Panama 10:07

     International:
    These Ukrainians fled, their families remain under Russian occupation 10:07

     Health & Safety:
    A coroner's inquest is examining the mental healthcare a man received at Invercargill Prison before his death in custody in August 2022 10:07

     Motorsports:
    A promising start to the IndyCar season for Scott McLaughlin 9:27

     International:
    Israel and US attack Iran live updates: Three US service members killed as Iran starts fresh wave of strikes 8:07

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