NOBEL'S BOFORS TO SELL ITS SINGAPORE HOLDING Nobel Industries Sweden SA <NOBL.ST> said its arms subsidiary, <AB Bofors>, plans to sell its 40 pct stake in <Allied Ordnance Co of Singapore Ltd> because of its part in weapons exports which contravene Swedish law. "The events we have uncovered are unacceptable and highly regrettable incidents in our company's history," Nobel chairman Lars-Erik Thunholm told a news conference. Nobel managing director Anders Carlberg said an internal inquiry has revealed an extensive network of international arms smuggling.