News | Business
5 Dec 2025 14:22
| 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.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     05 Dec: Chris Luxon admits many Kiwis still haven't felt the economy turn a corner
     05 Dec: A stepping stone in Auckland Airport's long term goals - as it welcomes a stopover for one of the world's longest commercial passenger services
     05 Dec: What does Vladimir Putin wants from his state visit to India and his meeting with Narendra Modi?
     04 Dec: New Zealand Food Safety has recalled some flavours of Tom and Luke brand Snacka Balls due to hard plastic contamination
     04 Dec: IKEA's presence in New Zealand - may give local retailers a needed wake-up call
     04 Dec: An IKEA opening in New Zealand - could signal economic success
     04 Dec: Air New Zealand's confident a strike a week out from Christmas, won't need to go ahead
     Top Stories

    RUGBY RUGBY
    Liam Lawson admits any sympathy for Yuki Tsunoda's Formula One future only goes so far More...

    BUSINESS BUSINESS
    Chris Luxon admits many Kiwis still haven't felt the economy turn a corner More...


     Today's News

    		 International:
    Israel-aligned anti-Hamas Gaza militia leader Yasser Abu Shabab killed 14:17

     Cricket:
    An injury crisis may have intensified for New Zealand on the fourth day of the opening cricket test against the West Indies in Christchurch 14:07

     Law and Order:
    NZ’s rejection of emission targets fuels risk of international law breach 14:07

     Law and Order:
    Menzies Aviation has been slapped with a 150-thousand-dollar fine, for biosecurity breaches 13:47

     Accident and Emergency:
    One person's died and another's seriously injured after a two-vehicle crash on State Highway 2 north of Dannevirke - at Matamau 13:27

     International:
    Pentagon watchdog releases report on Pete Hegseth's use of Signal app 13:07

     Law and Order:
    Police have found a suitcase with a revolver and high-powered BB guns - after searching a vehicle spiked after it fled across Auckland last night 13:07

     Rugby League:
    Boxing promoter George Rose believes Nelson Asofa-Solomona can be his true aggressive self now he's ditched rugby league for prizefighting 12:27

     Rugby League:
    Australian boxing promoter George Rose reckons Nelson Asofa-Solomona will be a huge success in the ring 11:57

     International:
    Israel to compete at Eurovision Song Contest in 2026, prompting several nations to withdraw 11:17

     News Search




    Power Search

    © 2025 New Zealand City Ltd