The CFO is the person involved in the IPO due diligence, and...

The CFO is the person involved in the IPO due diligence, and audit is done by a small accounting firm which the CFO used to work.
CEO is an accountant for an agricultural company, owner/chairman is 29 and started the company when he was 18 year old.
Company has extremely attractive earnings metrics that why would someone want to make it public anyways, If they were looking to IPO to raise cash for acquisions it doesn't quite add up with the owner/chairman holding 80%+ and previously 2 large instos also holding 5%+ each, leaving 10% free float which would have raised less money than the annual profit.

Last of all its a China company with assets you cannot see or verify (by a reputable Australian auditor/authority).