Japanese fabric manufacturer Kurabo Industries Ltd is to acquire 76.6 per cent stake in denim sales company KPK (HK) Ltd in a move that will see the Hong Kong-based firm become a wholly-owned unit.

Kurabo said in a statement that upon the expected completion of the deal with trading house Kanematsu Corp at the end of this month, KPK will become known as Kurabo Denim (HK) Ltd.