Global Crossing shares since late August, registered to cash in another 2 million shares of the telecommunications company.

Qwest indicated it would sell the shares, valued at $62 million, on September 12 and September 15 through J.P. Morgan Securities, according to Form 144 papers recently released by the Securities and Exchange Commission.

From August 29 to September 11, Denver-based Qwest cashed in a total of 9 million Global Crossing shares for gross proceeds of $295.2 million.

Of note, a Form 144 only shows a filer's intent to sell the shares. Actual verification of the sales, if and when they occur, would be provided in a subsequent filing.

Global Crossing, a Bermuda-headquartered provider of Internet and long distance telecommunications facilities and related services, has approximately 880.5 million common shares outstanding.

In recent market activity, Qwest shares were changing hands lower by $0.63 at $46.06, while Global Crossing was down $1.56 at $27.88.

RESOLUTION APPROVING SHARES PURCHASE PASSED BUC Resolution approving shares purchase passed At a special general meeting of Bermuda-based Jardine Matheson Holdings Limited held on Friday, the ordinary resolutions approving the purchase of up to 165 million ordinary shares pursuant to the extended tender offer and the renewal of the general mandate to the directors to purchase up to 15 percent of the company's ordinary shares were passed.

The tender offer by Jardine Matheson Holdings Limited to purchase 100 million of its ordinary shares was announced on 3rd August 2000. It was subsequently extended on 4th September 2000, in accordance with its terms, to allow the repurchase of 165 million ordinary shares, subject to shareholder approval.

The Tender Offer closes at 5 p.m. (London time) on 22nd September 2000, and the results will be announced by the company at 7.30 a.m. (Singapore time) on Monday, 25th September 2000.

Jardine Matheson is a multinational group of seven core businesses focused primarily on the Asia-Pacific region.

Its operations employ some 150,000 people and its activities include supermarkets, consumer marketing, engineering and construction, insurance broking, motor trading, property and hotels.