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GIC to invest $222m in Gojek-backed Indonesian lender Bank Jago via rights issue REUTERS/Beawiharta Singapore’s sovereign wealth fund GIC Private Limited is the latest investor in Indonesia’s Bank Jago. The fresh investment by GIC, worth Rp3.15 trillion ($222.48 million), will be made by absorbing 1.19 billion new shares of Bank Jago through a rights issue, according to a disclosure to the Indonesia Stock Exchange (IDX). Bank Jago, which is backed by the ride-hailing giant Gojek, will issue 3 billion new shares with an execution price of Rp2.350 per share. The rights issue will be conducted on March 10-17 in the regular market. ....