Ashley House PLC - health and social care property investor - Gets approval from shareholders and creditors for a company voluntary arrangement. To now proceed with a potential combination with Piper Homes PLC by way of a reverse takeover or similar transaction. Will continue to explore a number of property development projects in conjunction with Piper Homes. Trading in the company's shares on AIM market will remain suspended pending the takeover taking place within the foreseeable future.
By Tapan Panchal; tapanpanchal@alliancenews.com
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