A2M don't get a larger share, and neither A2M nor Bright need to buy any shares of existing minority holders. It's a bunch of new shares being issued and paid for by Bright and A2M. Disproportionately to Bright so that they increase their stake to a clear majority, as well as enough shares to A2M so that they stay where they are.
Because noone else is even able to participate in the issue, they are by default diluted down. But the valuation of the new shares being increased is at a higher premium the current SP. So that is of benefit to short term holders who bought in recently, less so for larger/longer term holders already sitting on massive losses and now have any voting rights diluted away.
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