** Shares of Flexiroam FRX.AX tumbles 30% to A$0.007, set for their biggest intraday fall since Feb, 2021

** Malaysia-based telco says it seeks to raise ~A$3.928 mln($2.45 mln) via an entitlement offer

** Offer's issue price at A$0.005 per share represents a discount of 50% as of the stock's last close

** Co to use funds for the repayment of loan obligations, others

** Stock hits its lowest since Nov. 28

** Over 1.5 mln shares change hands, 2.5x the 30-avg

** Stock dropped 58.3% in 2024, posting third consecutive years of losses

($1 = 1.6057 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))