2 apartments sell under hammer, 2 shortly after – Revaluations give Goodman big lift – Commerce Commission cuts Transpower’s revenue limit – National median house price up 8.2% in year
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Steel & Tube also appeals fine over mesh
Steel & Tube Holdings Ltd has followed the Commerce Commission in appealing the level of a fine imposed by the High Court last month in relation to its steel mesh.
Read more →Updated: Bid rigging costs Hoy Fong $400,000 in court penalty
High Court judge Sarah Katz ordered Ron Hoy Fong’s company, Ronovation Ltd, last week to pay a $400,000 penalty after it admitted to price fixing – bid rigging – in the Auckland residential real estate market.
Read more →Increase in steel mesh fine for Steel & Tube still not stiff enough for Commerce Commission
The Commerce Commission sought leave on Friday to file its second appeal against the sentence imposed on Steel & Tube Holdings Ltd for false & misleading representations about steel mesh products.
Read more →Commission takes supplier to court over CodeMark representations
The Commerce Commission has filed 8 representative charges against building product supplier Global Fibre8 Ltd & its sole director & shareholder, Tangi Tuake.
Read more →Commission alleges Bachcare manipulated online reviews
The Commerce Commission has brought charges against holiday rental accommodation management & booking company Bachcare Ltd alleging it misled consumers by manipulating online reviews that users of its services posted.
Read more →Commerce Commission goes to court over Moola’s lending behaviour
The Commerce Commission said yesterday it would start High Court proceedings against NZ Fintech Ltd (trading as Moola), alleging it’s breached the lender responsibility principles contained in the Credit Contracts & Consumer Finance Act.
Read more →Commission alleges price fixing by “super investor” Ron Hoy Fong’s investment advice company
The Commerce Commission has filed High Court proceedings against Ronovation Ltd (Ron & Yoleen Hoy Fong) for alleged price fixing in Auckland’s residential real estate market.
Read more →Commerce Commission requires one divestment as it clears Knauf & USG merger
The Commerce Commission has granted clearance for international building materials manufacturers & suppliers Gebr Knauf KG of Germany and USG Corp of the US to merge, subject to a divestment undertaking. In January, Knauf also entered into an agreement to acquire the EMEA (Europe, Middle East & Africa) & APAC (Asia-Pacific) businesses of another US […]
Read more →Regulator wants Linsa Finance to repay costs charged to borrowers
The Commerce Commission said yesterday it had filed High Court proceedings against Tauranga company Linsa Finance Ltd, seeking orders that it return costs of borrowing totalling about $680,000 for over 1700 loan contracts.
Read more →Commission takes anti-competition case against First Gas
The Commerce Commission said last week it had filed proceedings in the Wellington High Court against gas network operator First Gas Ltd for anti-competitive conduct in acquiring the Bay of Plenty assets of GasNet Ltd.
Read more →Knauf buys 2 US building material suppliers, NZ commission outlines competition issues
German building materials supplier Gebr Knauf KG has entered into an agreement to acquire the international businesses of US company Armstrong World Industries Inc, on top of its $US7 billion acquisition of Chicago-based USG Corp. In New Zealand, the Commerce Commission is considering the USG merger’s competition impacts.
Read more →Knauf & USG seek NZ clearance for merger
International building materials manufacturers & suppliers Gebr Knauf KG of Germany and USG Corp of the US have sought Commerce Commission clearance for their merger.
Read more →Fletcher Building seeks clearance to acquire Waikato Aggregates
Fletcher Building Ltd has sought Commerce Commission clearance to acquire all the assets & employees of Waikato Aggregates Ltd, including the right to extract & process sand from the Tamahere quarry.
Read more →Both sides appeal steel mesh penalty
Steel & Tube Holdings Ltd followed the Commerce Commission back into court yesterday as both filed appeals against a fine imposed last month relating to the company’s steel mesh.
Read more →Steel & Tube fined $1.885 million for misleading steel mesh representations
Steel & Tube Holdings Ltd was fined $1.885 million in the Auckland District Court yesterday for breaching the Fair Trading Act by making false & misleading representations.
Read more →Fletcher gets miffy over Steel & Tube time to get advice, pulls what was only ever a “non-binding & indicative offer”
Fletcher Building Ltd dropped its on-the-quiet attempt to buy fellow NZX-listed company Steel & Tube Holdings Ltd yesterday, 3 hours after Steel & Tube told the exchange a revised offer still undervalued it.
Read more →Fulton Hogan drops Huntly quarry from Stevenson purchase, Commerce Commission happy
The Commerce Commission has closed its investigation into roading & infrastructure construction company Fulton Hogan Ltd’s acquisition of Stevenson Group Ltd’s construction materials business, saying its concerns with the transaction have been addressed.
Read more →Updated: Commission takes Vector to court for failing to curtail power outages, and Vector says rules out of date
The Commerce Commission said it would file civil proceedings in the Auckland High Court today seeking financial penalties against electricity lines company Vector Ltd for breaching its network quality standards.
Read more →Steel mesh supplier Brilliance fined for misleading representations
Auckland District Court Judge Robert Ronayne has fined Brilliance International Ltd (Wu Guanghui & Wu Donghui, both of Dannemora, Auckland) $540,000 for making false & misleading representations relating to its steel mesh products which are used to earthquake-strengthen buildings.
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