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22 Dec 2025 21:46
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      Home > News > National

    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 National News
     22 Dec: Wellington Water crews are responding to a wastewater overflow in Grenada Village which flows to the Porirua Stream
     22 Dec: Investigations are underway into a case of dumpster diving for cheese and then selling it on the black market
     22 Dec: Police are appealing for any witnesses to a crash on Cheyne Road, Pyes Pa in Tauranga, last week
     22 Dec: Southland Police have arrested eight people and seized drugs, firearms and cash during a series of search warrants last week
     22 Dec: A person's in hospital with serious injuries after a pedestrian was hit by a vehicle in Auckland's Mount Eden
     22 Dec: One person's died after a car hit a power pole north of Timaru this morning.
     22 Dec: Kane Williamson insists he's made no call around retirement - as the third cricket test against the West Indies gets set to enter it's final day in Mt Maunganui
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     Today's News

    		 Entertainment:
    Kate Hudson was inspired to record an album by Sir Paul McCartney 21:20

     Business:
    A new Free Trade Agreement could see New Zealand-India relations climb to new highs - so long as it gets through the House 21:17

     Entertainment:
    Police investigating the death of Rob Reiner and his wife are going to be talking to the couple's family members "to get to the facts" 20:50

     Entertainment:
    Eric Idle spoke to Rob Reiner just hours before his death 20:20

     Business:
    New Zealand's set to unlock major export opportunities in India under a new Free Trade Agreement 20:17

     Entertainment:
    Paul Bettany isn't jealous of A-list stars because he would never want that level of fame 19:50

     Entertainment:
    Chris Martin gave a surprise performance at a couple's wedding at the weekend - after being contacted by the groom's mother 19:20

     Entertainment:
    Kathy Bates is "horrified" by the "terrible news" of Rob Reiner's death 18:50

     Environment:
    Wellington Water crews are responding to a wastewater overflow in Grenada Village which flows to the Porirua Stream 18:37

     Entertainment:
    Leonardo DiCaprio doesn't want to direct - because he doesn't think he'd be as good as Martin Scorsese 18:20

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