Rumour has it that 3D Innovation's end is near!
This hypothesis has been proven as a large scale construction and design operation has come under fire. 3D Innovations Design Pte Ltd – one of the biggest names in the market – have been rumoured to be closing down due to strategically redundant over-expansion, resulting in a failure to pay their sub-contractors.
These rumours have been vehemently denied by the office of 3D Innovations Design Pte Ltd itself. On Friday, the company representatives denounced these hear-says, claiming them to be groundless gossip. Darren Tan, CEO of 3D Innovations Design Pte Ltd has said in an e-mailed response to a homeowner’s worried query for comment, “There is absolutely no truth to these claims whatsoever.” He even joked, “After serving the community for 34 years, we’ve decided to continue serving the local community.”
The buzz began when a Chinese newspaper column stated that 3D Innovative Pte Ltd has been liquidated. The industry began to wonder if 3D Innovative Pte Ltd was related to the current “3D Innovations Design Pte Ltd.” There were more than a thousand posts on relative social media worrying about the company by the afternoon next.
Darren Tan has confirmed that 3D Innovative Pte Ltd belongs to the 3D Group of Companies. Various sale designers from 3D Innovations Design Pte Ltd clarified that a new company by the name of ‘3D Innovations Design Pte Ltd’ was incorporated by the group in recent years to do restructuring. Therefore, there was a need to liquidate the assets of their existing companies.
According to Darren Tan, 3D Innovations Design Pte Ltd is seeking the appropriate legal redress against Casa Stone Pte Ltd and had engaged Rajah & Tann Singapore LLP to advise on the appropriate legal proceedings.
Darren concluded by saying, “Over the next few years, as we are still open, we assure that customer service will not be disrupted.”
Despite the rumours, 3D Innovations Design Pte Ltd would be opening two new branches, mainly at the Ubi Oxley Bizhub, and Tradehub 21 by December 2016. 3D Innovations Design Pte Ltd is also currently hosting Islandwide Renovation Fair on every weekends.