In Kiri Industries Ltd v Senda International Capital Ltd and another and another appeal [2025] SGCA(I) 1, the CA allowed in part an appeal by a minority shareholder in an oppression action for an upward enhancement in the value it would receive from an en bloc sale of the shares in a company, held by it and a majority shareholder, in order to account for an amount analogous to interest. This was meant to compensate the minority shareholder for the delay arising out of the non-implementation of a buy-out of its shareholding by the majority shareholder that had previously been ordered by the SICC below. Moreover, the SICC’s order that the minority shareholder would receive its moneys for its shareholding from the net proceeds of the en bloc sale in priority to the majority shareholder’s receipt of the same was upheld by the CA on the majority shareholder’s appeal. Read more: go.gov.sg/2025sgcai1