After a failed attempt to search for such converter I've think of another approach which is to either made it myself OR crack the connector and I've come across to a website which contained a step by step guide to add a RCA connector for Digital Audio.
I've followed the guide and to my surprise that the so called Optical output actually is just added a voltage connector for Toslink diode and the data terminal contains NO CONVERSION CIRCUIT an dthat simply means you can just create a bypass from the toslink terminal and straight to RCA connector and digital RCA on HTS will be able to read flawlessly.
On top of the mod, I've bent the connector so that I can plug in my cheapo HDMI connector and run digital audio at the same time. The end result looks like this:-

Now I'm able to run digital audio on cheapo RCA cable & cheapo HDMI cable. FYI a corner shop in Jln Pasar KL's mall (forgot what's the name) selling the HDMI @ RM15.
Total cost of this mod is just RM3.8 for those RCA jack.
Added on September 9, 2009, 12:10 pmErm? no one interested?
This post has been edited by navigator: Sep 9 2009, 12:10 PM
Sep 8 2009, 11:19 AM, updated 17y ago
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