Fairfax I.S. PLC advised TSC International Limited (“TSC”), formerly known as EMER International Group Limited, a Hong Kong Listed company on it successful public offer got Global Marine Energy PLC (“GME”). Over 90% of the shareholders of GME have accepted the offer and TSC has started procedures to compulsorily acquire the outstanding shares and delist GME.

TSC is a global product and service provider to the oil and gas drilling industry both onshore and offshore. TSC is a holding company of several subsidiaries located in the US and in China. Through these subsidiaries,TSC engineers, develops, manufactures and supplies drilling related equipment and products to customers worldwide. TSChad sales of approximately RMB 216 million for the year ended 31 December 2006 (£14 million), net profit of RMB 34 million (£2.2 million) and a market capitalisation as of 18 October 2007 of approximately RMB 1.8 billion (£120 million)