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14 Oct 2019 9:33
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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.

    © 2019 Newstalk ZB, NZCity


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     Top Stories

    RUGBY RUGBY
    The All Blacks will face Ireland in next weekend's rugby World Cup quarter-finals, as the Japanese dream rolled on with a maiden top-8 appearance More...


    BUSINESS BUSINESS
    The markets have been given a boost by a partial trade deal between China and the United States More...



     Today's News

    Law and Order:
    Flights have resumed at Auckland Airport, after being suspended due to a threat 9:27

    Law and Order:
    Kiwis forward Nelson Asofa-Solomona faces a spot of trouble in Bali 8:37

    Politics:
    The Justice Minister says authorities are keeping an eye on dangerous criminals, after they're out of prison 8:16

    Environment:
    Fire crews have been keeping watch for flare-ups at an Auckland restaurant after a huge blaze 8:06

    Cricket:
    Australian test cricket all-rounder Mitch Marsh has injured his bowling hand after punching a dressing-room wall during Western Australia's Sheffield Shield draw with Tasmania 7:56

    Rugby:
    The All Blacks will face Ireland in next weekend's rugby World Cup quarter-finals, as the Japanese dream rolled on with a maiden top-8 appearance 7:46

    Business:
    The markets have been given a boost by a partial trade deal between China and the United States 7:26

    Tennis:
    American Coco Gauff has become the youngest player to win a WTA tennis title in 15 years, with victory in the Linz Open 7:16

    Rugby:
    Japan has advanced to the rugby World Cup last eight for the first time, which has set up an All Blacks quarter-final against Ireland 7:06

    Entertainment:
    Kourtney Kardashian is convinced someone has been stealing money from her 6:39


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