KXD Digital Entertainment Limited designs and supplies digital video and acoustic products. The company’s products include digital video disc (DVD) players, digital home theatre systems,
amplifiers and speakers.
Breaches uncovered by the auditor including the company failing to announce that it had ceased all of its business operations and converted to a cash company. It had also not disclosed that Koninklijke Philips Electronics NV had filed and won by default a number of lawsuits against the company in 2007–08. The Singapore Exchange reprimanded KXD Digital Entertainment and its former chairman and CEO Liu Fusheng for breaching a string of rules. Shares were suspended in May 2010. Delisted August 2013.
Australian Securities and Investments Commission: Emerging market issuers, Aug 2013
KXD Digital Entertainment Limited: Independent Auditors Report, 31 Dec 2008
KXD Digital Entertainment Limited: Annual Report, 5 Apr 2004