Viento Group (ASX:VIE) has been granted a trading halt by the ASX pending details of a proposed corporate restructure.
VIE shares have been placed in pre-open.
Earlier in the month the company disposed of its investment in the land subdivisions for $2.628 million (excluding GST).
At the time the company said that this disposal provides certainty of the value of the asset and allows Viento to focus its efforts on the core business of mining services.
Viento is focused on civil contracting on rail embankments, access roads and general mine infrastructure projects, mine pre-stripping, contract mining and utility services to the mining, oil and gas industries.
The halt will remain in place until the earlier of an announcement being made, or the opening of trade on Wednesday 19th November 2014.
