Jan 25 (Reuters) - China Evergrande said on Thursday its unit has entered a deal to sell its 65% stake in Shantou Hengmeng Property Development for 137.6 million yuan ($19.20 million).

The sale will help Evergrande to waive off its debts owed to Shantou Hengyao Property Development worth 376 million yuan. ($1 = 7.1675 Chinese yuan renminbi) (Reporting by Poonam Behura in Bengaluru)