News | Business
2 Feb 2026 14:37
| 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
     02 Feb: NZ’s $2.5 billion shoddy building bill: how to fix the ‘build now, fix later’ culture
     02 Feb: The cost of living for the average Kiwi household isn't rising as fast as overall inflation
     02 Feb: Introducing financial literacy to schools is expected to bring more gains than challenges
     01 Feb: Auckland Transport will be increasing prices for public transport and parking from today
     31 Jan: Former PM Kevin Rudd says he declined Epstein invitation after latest document dump
     31 Jan: Why Asian countries are joining Trump's Board of Peace
     31 Jan: 3 things to know about Kevin Warsh, Trump’s nod for Fed chair
     Top Stories

    RUGBY RUGBY
    Super Rugby have announced five law innovations ahead of the 30th anniversary season starting late next week More...

    BUSINESS BUSINESS
    NZ’s $2.5 billion shoddy building bill: how to fix the ‘build now, fix later’ culture More...


     Today's News

    		 Entertainment:
    Odessa A'zion has dropped out of Deep Cuts after backlash over "whitewashing" 14:31

     Living & Travel:
    Today in History, February 2: Balto and the dogs of 1925's Great Serum Run 14:27

     Business:
    NZ’s $2.5 billion shoddy building bill: how to fix the ‘build now, fix later’ culture 14:07

     Auckland:
    A motorcyclist has died following a serious crash in South Auckland's Otara last week 14:07

     Entertainment:
    Pope Leo XIV has warned men not to form emotional attachments to AI chatbot "girlfriends" 14:01

     Politics:
    Expelled Te Pati Maori MP Mariameno Kapa-Kingi says her expulsion was bogus - as she fights to have it ruled void 13:57

     Rugby:
    Super Rugby have announced five law innovations ahead of the 30th anniversary season starting late next week 13:47

     Golf:
    Justin Rose has stormed to victory at the latest PGA Tour event in San Diego by seven strokes - breaking several records in the process 13:47

     Entertainment:
    Khloe Kardashian finds the thought of dating again "so scary" 13:31

     Business:
    The cost of living for the average Kiwi household isn't rising as fast as overall inflation 13:07

     News Search




    Power Search

    © 2026 New Zealand City Ltd