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2 Jan 2026 19:40
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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

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     Today's News

    		 International:
    Donald Trump gave a wide-ranging interview about his health. Here's what we learned 19:26

     Business:
    Horowhenua District Council's providing financial assistance for locals impacted by last Sunday's severe weather 18:56

     Environment:
    Crans-Montana ski resort fire witnesses recall how the tragic blaze unfolded 18:46

     Environment:
    Parts of the North Island should brace for thunderstorms tonight 18:36

     International:
    Walking with Moai: Unlocking the mysteries of Easter Island stone statues 18:07

     Soccer:
    The Wellington Phoenix are striving to keep calm as their tough season approaches make-or-break time 18:06

     Cricket:
    A washout in the men's Twenty20 Super Smash game between Auckland and Wellington at Eden Park outer oval 17:56

     Soccer:
    Embattled Wellington Phoenix coach Giancarlo Italiano is expecting his players to fire up this weekend 17:27

     Cricket:
    Outgoing Australian cricketer Usman Khawaja has let rip at how he was covered in the mainstream media during his test career 17:26

     Accident and Emergency:
    A teenager stuck in strong waters around New Plymouth has safely made it back to shore 15:27

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