Ausenco Limited (ASX:AAX) has been granted a trading halt by the...

Ausenco Limited (ASX:AAX) has been granted a trading halt by the ASX as it prepares to respond to a Price Query Letter received today.

Ausenco shares are currently in pre-open, but last traded intra-day before the halt 11.5% higher at $0.52.

Earlier in the month Ausenco and Spanish multinational construction company Duro Felguera S.A. (BMAD:MDF) signed a Memorandum of Understanding to form a Strategic Alliance.

The agreement is for the companies to jointly pursue and deliver EPC projects globally and increase market share in their sectors.

A month ago Ausenco shares were around $0.20.

The halt will remain in place until the opening of trade on Wednesday 22nd July 2015, or earlier if an announcement is made to the market.